Midnight Sun Mining (CVE:MMA) Stock Price Up 5.1% - What's Next?

Key Points

• The stock price of Midnight Sun Mining Corp. rose by 5.1%, trading at C$0.62 during mid-day trading, following a previous close of C$0.59.
• Director Allan John Fabbro purchased 175,000 shares at an average price of C$0.60 per share, indicating insider confidence in the company.
• Midnight Sun Mining focuses on the acquisition and exploration of mineral properties in Africa, primarily seeking copper, cobalt, nickel, and gold deposits.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price rose 5.1% during mid-day trading on Thursday . The company traded as high as C$0.64 and last traded at C$0.62. Approximately 111,180 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 265,808 shares. The stock had previously closed at C$0.59.

Midnight Sun Mining Stock Up 5.1%

The company has a market cap of C$108.04 million, a PE ratio of -42.21 and a beta of 0.93. The stock's 50 day moving average price is C$0.59 and its 200-day moving average price is C$0.61. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

Insider Activity

In other Midnight Sun Mining news, Director Allan John Fabbro acquired 175,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of C$0.60 per share, with a total value of C$105,000.00. Company insiders own 5.98% of the company's stock.

Midnight Sun Mining Company Profile

Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp.

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